List Search

1551 Interstate 20 Service Rd
Odessa, TX 79766

$650,000 USD

Land For Sale  •  1.5 AC

Property Details

  • Property Type Land
  • Lot Size 1.5 AC
  • Zoning PD
20 Walk Score

Description

Positioned along Interstate 20 with direct frontage and immediate highway access, this 1.5-acre commercial lot offers exceptional visibility in one of Odessa’s most active business corridors. The site is zoned for planned development, accommodating a variety of uses such as retail, quick-service restaurants, and service-based operations. Its location benefits from over 35,000 vehicles passing daily, ensuring strong exposure for future tenants or owners.
The property is strategically located near US Highway 385 and Loop 338, providing seamless connectivity throughout the Permian Basin. Proximity to Midland International Air and Space Port, just 15 miles away, further enhances logistical convenience for regional and traveling customers. The tract features flat topography and utilities easily accessible, creating an attractive development-ready opportunity.
Backed by Odessa’s economic growth initiatives, qualifying projects can leverage development incentives, including tax abatements and cost-reduction programs that improve overall returns. With continued population and household growth in the surrounding area, the property aligns perfectly with market demand for retail and service-oriented businesses.

Highlights

Take advantage of a 1.5-acre lot with direct I-20 access, zoned for retail or quick-service development in Odessa, a top pick for corporate expansion.
Leverage Odessa’s development incentives, making costs lower upfront and providing long-term tax exemptions, up to 10 years, for qualified projects.
1551 Interstate 20 Service Road offers excellent exposure with a high daily traffic count of over 35,000 vehicles and prime interstate visibility.
Join a growing economy, where households have increased by 2.2% since 2020, and are expected to increase by 1.5% by 2029, within a 2-mile radius.

Public Transportation

AirportDriveWalkDistance
Midland International Air And Space Port 21 min - 14.8 mi
Justin Roland 432-218-7414 Roland Real Estate LLC
Justin Roland 432-218-7414 Roland Real Estate LLC